oboloo Glossary

Invoice Ocr

oboloo Glossary

Invoice Ocr

Invoice Ocr Definition

An invoice OCR is a technology that uses optical character recognition to read and extract data from invoices. This data can then be used to streamline the invoicing process, make payments, and track spending.

Invoice OCR can be used to read and process a variety of invoices, including paper invoices, PDFs, and images. The extracted data can be used to automatically populate fields in accounting software, making it easier and faster to create accurate records.

Invoice OCR can save businesses time and money by automating the invoicing process. In addition, by centralizing data from all invoices in one place, businesses can gain valuable insights into spending patterns and trends.